Budget 2015: Death By 'POEM'!

Hello & welcome to a special edition of Taxing Times. Today, we examine the budget fine print on taxation policies. We will also focus on the impact of these provisions on both, Indian and foreign companies. The Finance Minister increased the corporate tax burden in FY16, but also promised to reduce it to 25% by FY20. In the light of these changes, will Indian companies end up paying less tax or more? Also, ‘PLACE OF EFFECTIVE MANAGEMENT’ or POEM has been redefined. Does this mean that foreign companies will end up staying away from India? CNBC-TV18's Menaka Doshi speaks to Rahul Garg of PwC and well known tax expert, Nishith Desai to fathom what this really means for companies, in India and abroad.